Sturm, Ruger & Company, Inc. announced the appointment of Andrew T. Wieland as Senior Vice President and Chief Financial Officer, effective April 1, 2026, following the planned departure of Thomas A. Dineen on March 31, 2026. The company entered into a severance agreement with Mr. Wieland outlining benefits payable under specific termination scenarios.
Key takeaways
Andrew T. Wieland appointed as Senior Vice President and Chief Financial Officer effective April 1, 2026.
Thomas A. Dineen will step down as Chief Financial Officer on March 31, 2026.
Mr. Wieland's severance agreement provides for a lump sum payment equal to 18 months of Base Annual Salary if terminated without Cause or for Good Reason prior to a Change in Control.
If terminated without Cause or for Good Reason within 24 months after a Change in Control, Mr. Wieland receives a lump sum equal to 24 months of Annual Compensation.
The severance agreement has a one-year term with automatic annual extensions unless notice is given.
Mr. Wieland's prior role was Vice President of Finance and Controller at Eaton Electrical Sector Americas: Assemblies and Residential Solutions Group.